OPEN-SOURCE SCRIPT
RSI or %B of Bitfinex shorts /longs of main crypto trading pairs
Normalized longs and shorts with %B or RSI of some crypto trading pairs listed below (longs and shorts data from Bitfinex). If you're not familiar with %B just use default setting and it will plot a RSI of the longs and shorts (screenshot is from %B). Obviously this should not be used as a single reason to take a trade but part of your analysis.
For some longs/shorts sentiment interpretation you can look at this:
cdn.discordapp.com/attachments/426825533985390594/427587735553966081/Sentiment_Flow_Chart_2.jpg
Available pairs (you can add some with very basic Pine Script knowledge but it will take more time loading):
BTCUSD
ETHUSD
ETHBTC
EOSBTC
LTCBTC
XRPBTC
BCHBTC
TRXBTC
For some longs/shorts sentiment interpretation you can look at this:
cdn.discordapp.com/attachments/426825533985390594/427587735553966081/Sentiment_Flow_Chart_2.jpg
Available pairs (you can add some with very basic Pine Script knowledge but it will take more time loading):
BTCUSD
ETHUSD
ETHBTC
EOSBTC
LTCBTC
XRPBTC
BCHBTC
TRXBTC
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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